Sanan Optoelectronics Co (SHSE:600703) Debt-to-Equity

: 0.23 (As of Sep. 2023)

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Sanan Optoelectronics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥5,230 Mil. Sanan Optoelectronics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ¥3,466 Mil. Sanan Optoelectronics Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ¥38,539 Mil. Sanan Optoelectronics Co's debt to equity for the quarter that ended in Sep. 2023 was 0.23.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sanan Optoelectronics Co's Debt-to-Equity or its related term are showing as below:

SHSE:600703' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.14 Max: 0.57
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Sanan Optoelectronics Co was 0.57. The lowest was 0.03. And the median was 0.14.

SHSE:600703's Debt-to-Equity is ranked better than
54.05% of 877 companies
in the Semiconductors industry
Industry Median: 0.26 vs SHSE:600703: 0.23

Sanan Optoelectronics Co Debt-to-Equity Historical Data

The historical data trend for Sanan Optoelectronics Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sanan Optoelectronics Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.16

0.06

0.08

0.19

0.24

Sanan Optoelectronics Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity																0.30	0.24	0.22	0.24	0.23

Competitive Comparison

For the Semiconductors subindustry, Sanan Optoelectronics Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sanan Optoelectronics Co Debt-to-Equity Distribution

For the Semiconductors industry and Technology sector, Sanan Optoelectronics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sanan Optoelectronics Co's Debt-to-Equity falls into.

Sanan Optoelectronics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sanan Optoelectronics Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5786.388	+	3349.5)	/	37946.555
	=	0.24

Sanan Optoelectronics Co's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5230.074	+	3466.492)	/	38539.465
	=	0.23

Sanan Optoelectronics Co (SHSE:600703) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sanan Optoelectronics Co Debt-to-Equity Related Terms

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Sanan Optoelectronics Co (SHSE:600703) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sanan Optoelectronics Co Ltd (SHSE:600703) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.131, Dongfang Avenue, Jingzhou Development Zone, Hubei Province, Jingzhou, CHN, 361009

Website

http://www.sanan-e.com

Sanan Optoelectronics Co Ltd is a China-based full-color ultra-high brightness LED epitaxial and chip manufacturer. It is engaged in the development, production, and sales of full-color and high brightness LED epitaxial wafers, chips, compound solar cells and high-powered condenser photovoltaic products. The products offered by the company are a sapphire substrate, an integrated circuit, solar battery, LED chip, optical communication chip and others.

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